HomeMy WebLinkAbout#06 - Wildflower 4th Addition Security Reduction STAFF REPORT
DATE: January 17, 2023
CONSENT
AGENDA ITEM: Accept Sanitary Sewer and Watermain Improvements and Approve
Security Reductions for Wildflower at Lake Elmo 4th Addition
SUBMITTED BY: Jack Griffin, City Engineer
REVIEWED BY: Kristina Handt, City Administrator
Sophia Jensen, Planner Marty Powers, Public Works Director
Chad Isakson, Assistant City Engineer
ISSUE BEFORE COUNCIL: Should the City Council accept the public sanitary sewer and watermain
improvements and approve security reductions for the Wildflower at Lake Elmo 4th Addition?
PROPOSAL DETAILS/ANALYSIS: Staff has received and processed a request to accept the public
sanitary sewer and watermain improvements and reduce the development security for the Wildflower 4th
Addition. This request has been reviewed and is being recommended for approval in accordance with the
approved Development Agreement, and contingent on the developer being current with all other payments
and obligations in accordance with the Development Agreement, including a positive escrow balance as
required by the City. The Development Security amount is recommended to be reduced as follows:
Current Security Amount Proposed Security Amount
1. Wildflower 4th Addition $ 2,626,236 $ 2,179,838
The Wildflower 4th Addition public sanitary sewer and watermain improvements are in the warranty period
as identified on the attached Certificate of Completion. Twenty-five percent (25%) of the original security
amount will be retained until the warranty periods have expired.
FISCAL IMPACT: It is the City’s goal to retain at all times during the subdivision improvements a
security amount that is adequate to ensure completion of all elements of the improvements as protection to
the city tax payers against the potential of developer default.
RECOMMENDATION: Staff is recommending that the City Council, as part of the Consent Agenda,
accept the public sanitary sewer and watermain improvements and approve the security reductions as
detailed in the attached worksheet for the Wildflower 4th Addition, all contingent on the developer being
current with all other payments and obligations in accordance with the Development Agreement, including
a positive escrow balance as required by the City. If removed from the consent agenda, the recommended
motion for the action is as follows:
“Move to accept the public sanitary sewer and watermain improvements and approve the security
reductions as detailed in the attached worksheet for the Wildflower 4th Addition, all contingent on the
developer being current with all other payments and obligations in accordance with the Development
Agreement.”
ATTACHMENTS:
1. Watermain and Sanitary Sewer Certificate of Completion – Wildflower 4th Addition.
2. Security Reduction Worksheet – Wildflower 4th Addition.
CERTIFICATE OF COMPLETION
DATE OF ISSUANCE: JANUARY 17, 2023
OWNER: CITY OF LAKE ELMO, MN
DEVELOPER: ROBERT ENGSTROM COMPANIES
SUBDIVISION
NAME:
WILDFLOWER 4TH ADDITION
PROJECT NO.: 2021.113
This Certification of Completion applies to all work under the Development Agreement
This Certification of Completion applies to the following specified parts of the Development
Agreement
Section 34.A – Public sanitary sewer and watermain
Section 34.B – Public improvements including street construction, including concrete curb
and gutter, sidewalks and trails, materials and equipment.
I do hereby certify that the work to which this Certificate applies has been constructed in accordance
with the Development Agreement dated February 2, 2022. The above-mentioned improvement is
hereby declared to be complete and acceptance of this work is recommended.
DATE OF COMPLETION: January 17, 2023
Jack Griffin Reg. No. 22492
FOCUS Engineering, inc.
Section 34.A Warranty Period Begins January 17, 2023 and ends January 17, 2025
Section 34.B Warranty Period Begins
and ends
WILDFLOWER AT LAKE ELMO 4TH ADDITION Time of Performance: August 31, 2022DEVELOPMENT AGREEMENT AMOUNTSCATEGORY CONSTRUCTION 125% REMARKS #1 #2 #3 #4 #5 #6Sanitary Sewer $257,538 $321,923 $241,442Watermain $218,620 $273,275 $204,956Streets & Sidewalks $1,240,903 $1,551,129Storm Sewer $238,267 $297,834Erosion Control $38,975 $48,719Surface Water Facilities (BMPs) $12,460 $15,575Trails $50,907 $63,634Street Lighting $24,000 $30,000Street Signs and Traffic Control Signs $5,219 $6,524Landscaping $5,000 $6,250Tree Preservation and Restoration NA NAWetland Mitigation and Buffers NA NAMonuments $4,100 $5,125Private Utilities NA NARecord Drawings $5,000 $6,250TOTALS $2,100,989 $2,626,236RELEASED AMOUNTS:$446,398CUMMULATIVE AMOUNTS:$446,398SECURITY AMOUNT REMAINING:$2,179,838DATE:1/17/2023REDUCTIONS